The Majority Leader of the Senate, Senator Opeyemi Bamidele, has hailed the economic ingenuity of President Bola Tinubu aimed at revamping Nigeria’s economy.
Bamidele, who represents Ekiti Central Senatorial District in the red chamber, made the remark in his goodwill message to Muslims on the Eid el-Fitri celebration.
The Senator said, “Since the sustained implementation of pro-people macro-economic policies under this government, stability has started returning to the economic and fiscal spaces. As against ₦1,900/$ in February 2024, the value of naira is ₦1,117.5/$ as of Wednesday. This represents a gain of about 42 per cent within the space of two months.”
Bamidele also applauded Tinubu’s administration for clearing the $7bn valid foreign exchange backlogs.
He stated, “The Federal Government has paid back a whopping sum of ₦4.83tn out of ₦30tn ways and means it obtained from the CBN. And the flow of foreign direct investments is improving by the day.
“With these indices, the consumer price index, which measures inflation, will no doubt begin to drop significantly by mid-year as we sustain the drive for economic and fiscal stability. At the National Assembly, we are committed to providing much-needed parliamentary buffers that always support key public institutions to efficiently discharge their mandates consistent with the provisions of the Constitution of the Federal Republic of Nigeria, 1999.
“Sustaining our drive for economic stability, political cohesion and social inclusion no doubt demands the outright adherence to the core essence of Eid-el-Fitr, which in entirety forbids the sabotage of government policies, the quest for profiteering, the exploitation of our collective resources and the sponsoring of internal disharmony, all in the name of selfish interest and political aspiration.”
While rejoicing with the Muslim faithful, the lawmaker called for support for the underprivileged and respect for human dignity.
